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Property profile & analytics
OFF-MARKET Estimated value $160,000
Auto shops

1606 Prospect Rd Ashtabula, OH 44004-6672

1,332 SF 0.13 ac lot Built 1900
Individually Owned 29-yr Hold Free & Clear
Property ID
US66-1683514
Property summary
AI-generated overview

Attention investors! This exceptional 0.2-acre commercial property at 1606 W Prospect Rd, Ashtabula, OH 44004, is priced at $239,000. Boasting a rich history as a thriving car lot for over 30 years, this location offers immediate income potential. The property includes two service bays, equipped with a car lift and tire changing/balancing machine, ready for continued automotive use. A fully furnished front office is included, eliminating significant start-up costs for the new owner. This turnkey operation is situated in a high-traffic commercial area of Ashtabula, ensuring excellent visibility and accessibility. The property's special purpose designation and existing infrastructure present a unique opportunity for a variety of automotive-related businesses or potential redevelopment. The 0.2-acre lot provides ample space for operations and potential expansion. This is a rare chance to acquire an established business with minimal upfront investment in a prime commercial location. Don't miss this opportunity to capitalize on a proven, successful business model in a bustling Ashtabula commercial district. Serious inquiries only.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1900
Construction WOOD
Total area 1,332 SF
Lot 0.13 ac (5,663 SF)
APN 05-102-00-024-00
UPID US66-1683514
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EXP AUTO , LLC Car Dealership
  • West Side Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k
Owner & transaction history
TINA M DEGEORGE
TINA M DEGEORGE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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